Legacy Home Loans
Cell: (949) 533-5504
Fax: (949) 284-0221
25950 Acero, Suite 210
Mission Viejo, CA 92691
NMLS # 258701
BRE # 00590931
Whether you are Buying a home, Refinancing or a Seasoned Investor, Legacy Home Loans has many types of home loans with a variety of product and terms to choose from, we can help find the right loan for your specific situation!
Our Products Include:
A “Conventional” Mortgage Loan is a “fixed-rate” mortgage where the interest rate won’t change for the life of your loan and conforms to established guidelines for the size of the loan and your financial situation and typically offer a lower interest rate and APR than other types of fixed-rate loans. There are 2 types of Conventional Loans, conforming and non-conforming (also know as Jumbo Loans).
Conforming loan programs require comprehensive income qualifications. Your income must meet standards and guidelines relevant to the loan program.
An adjustable rate mortgage (ARMs) are loans that carry a fixed interest rate for 3, 5, 7, or 10 years, after the fixed rate period ends the interest rate changes each year based on a market index. ARMs typically start with lower monthly payments than fixed-rate loans, but once the fixed period ends, the payment will change – either up or down – as the interest rate changes with market conditions.
FHA loans are insured by the Federal Housing Administration, they are easier to qualify for, the most flexible loan and requires less than 5% down payment. The Federal Housing Administration (FHA) does not make loans, It Insures loans.
VA Loans are federally guaranteed home loans with no down payment, designed to provide housing assistance for veterans and their families.
The Department of Veterans Affairs (VA) guarantees home loans. Veterans who qualify for a VA loan must obtain a Certificate of Eligibility (COE). Determinations of eligibility are based on the length of service and are issued to veterans who were not discharged dishonorably.